TATA MULTICAP Fund
Direct · GrowthAI Summary
TATA MULTICAP Fund has delivered consistent alpha over the NIFTY 50 across all long-term periods, with a 3Y Fund CAGR of 9.17% versus the benchmark's 4.9% and a 1Y alpha of 13.23%. However, its SIP XIRR of 8.18% over 3Y trails the category average of 15.0%, and its 1Y XIRR of 11.34% is marginally below the category's 11.47%. Lump-sum rolling returns look stronger, with a 3Y rolling mean of 12.98%.
The fund shows a very shallow maximum drawdown of -0.22% with only one drawdown event exceeding 10%, indicating strong downside protection relative to the benchmark. Downside capture of 85.27% (1Y) and 88.86% (long-term) versus upside capture near 97-102% suggests a favorable asymmetry. Calmar ratios of roughly 0.59 across 1Y and 3Y reflect moderate risk-adjusted efficiency, though the 474-day recovery from max drawdown indicates patience is required.
The portfolio is well diversified across 76 stocks, with the top holding HDFC Bank at just 4.27% of NAV. Banks dominate at 19.8% of the portfolio, followed by Healthcare Services at 8.5% and Finance at 6.6%, giving meaningful financial sector exposure of over 26% when combined. Other top names include Apollo Hospitals, Adani Ports, Reliance, and NTPC, spanning infrastructure, energy, telecom, and autos.
The fund's 3Y SIP XIRR of 8.18% lags the category average of 15.0% by a wide margin, placing it in the lower half of multi cap peers on SIP returns. Its lump-sum performance is more competitive, with positive alpha over NIFTY 50 across 1Y through 15Y horizons. Calendar year returns show volatility in consistency, ranging from -1.51% in 2026 to 27.33% in 2023.
This fund suits investors seeking diversified multi cap exposure with lower downside capture than the index, ideally with a 5-7 year horizon given the long recovery periods from drawdowns. It is appropriate for moderate-to-high risk tolerance investors who value benchmark-beating lump-sum returns over category-leading SIP performance. Investors prioritizing top-quartile SIP XIRR versus peers may want to compare alternatives.
- Consistent positive alpha over NIFTY 50 across every measured period from 1Y to 15Y, including 4.30% over 3Y
- Favorable capture asymmetry with downside capture of 88.86% versus upside capture of 96.67% over the long term
- Highly diversified portfolio of 76 stocks with no single holding above 4.27% of NAV
- 3Y SIP XIRR of 8.18% significantly trails the category average of 15.0%, indicating underperformance versus peers for SIP investors
- Heavy financial sector exposure of roughly 26.4% (Banks 19.8% plus Finance 6.6%) creates concentration risk in one segment
Generated on 13-10-2026, 3:13 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.70 L | 13.2% | -28.2% | 44.5% |
| 3 Years | ₹36.00 L | ₹40.88 L | 8.4% | 0.9% | 12.8% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 13.2% | 14.3% | 11.4% | -1.1% |
| 3 Years | 8.4% | 11.0% | 14.9% | -2.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 13.2% | 9.8% | -8.5% | 37.9% | 0.50 | 1.47 | 82% | — | — |
| 3 Years | 13.0% | 13.3% | 8.4% | 16.0% | 3.44 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +12.46 | 0.97 | 99.9% | 84.2% | 3.4% | -9.5% |
| 3 Years | +3.67 | 1.01 | 98.6% | 93.3% | 9.1% | 5.5% |
| 5 Years | +3.49 | 0.98 | 96.0% | 88.5% | 8.8% | 5.3% |
| 7 Years | +2.40 | 0.98 | 96.0% | 88.5% | 6.2% | 3.8% |
| 10 Years | +1.62 | 0.98 | 96.0% | 88.5% | 4.3% | 2.6% |
| 12 Years | +1.31 | 0.98 | 96.0% | 88.5% | 3.6% | 2.2% |
| 15 Years | +1.02 | 0.98 | 96.0% | 88.5% | 2.9% | 1.7% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC BANK LTD | 4.27% |
| 2 | APOLLO HOSPITALS ENTERPRISE LTD | 2.76% |
| 3 | ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD | 2.62% |
| 4 | RELIANCE INDUSTRIES LTD | 2.62% |
| 5 | NTPC LTD | 2.40% |
| 6 | AXIS BANK LTD | 2.34% |
| 7 | BHARTI AIRTEL LTD | 2.14% |
| 8 | ICICI BANK LTD | 2.05% |
| 9 | POWER FINANCE CORPORATION LTD | 2.04% |
| 10 | MARUTI SUZUKI INDIA LTD | 2.04% |